TAX NATIVES
GLOBAL
Singapore
Last Updated 27/11/2024
AT A GLANCE
Dealing with Singapore’s tax system doesn’t have to be a chore. Whether you’re trying to grow your business or planning for retirement, our advisors are here to make things simple for you.
Don’t let your taxes be a headache – connect with a tax expert today and get the guidance you need.
CONNECT WITH EXPERT TAX ADVISORS IN SINGAPORE
If you’re an expat, business owner, or investor in Singapore, trying to make your way around tax rules on your own can get stressful. But you don’t have to go it alone. Our expert tax advisors in Singapore can guide you on tax filings, maximising savings, and everything in between.
Take the first step to stress-free taxes today with Tax Natives.
A SUMMARY OF KEY SINGAPOREAN TAXES
Here’s an overview of the key taxes in Singapore, including recent changes, rates, and considerations for people and businesses.
- Corporate income tax – 17% standard rate
- Goods and Services Tax (GST) – 7% for most goods and services
- Capital Gains Tax – 0% (Singapore does not impose CGT)
- Territorial tax system – Applies to income earned in or remitted to Singapore
- Withholding taxes – Applies to certain payments to non-residents (e.g. dividends, interest, royalties)
SINGAPORE TAX RATES AT A GLANCE
Stay informed about the essential tax rates in Singapore with our up-to-date summary:
| Tax Type | Description | Rates | Notes |
|---|---|---|---|
| Corporate Taxes | |||
| Corporate Income Tax | Levied on the chargeable income of Singapore resident companies and the Singapore-sourced income of non-resident companies. | 17% | Start-up tax exemption and partial tax exemption schemes may apply for new companies. |
| Personal Taxes | |||
| Personal Income Tax | Progressive tax on taxable income of residents and Singapore-sourced income of non-residents. | 0% – 22% (based on taxable income brackets) | Various deductions and reliefs are available. |
| Indirect Taxes | |||
| Goods and Services Tax (GST) | Consumption tax levied on the supply of goods and services in Singapore. | 7% | |
| Withholding Taxes | Levied on certain payments to non-residents, such as dividends, interest, and royalties. | Rates vary depending on the type of payment and the applicable double tax agreement. | |
| Stamp Duty | Levied on certain documents relating to property transactions and the issue or transfer of shares. | Rates vary depending on the type of transaction and the value involved. | |
| Property Tax | Annual tax on the annual value of properties owned in Singapore. | Rates vary depending on the type of property and its use. | |
| Other Taxes and Levies | |||
| Betting and Sweepstakes Duties | Levied on the gross receipts from betting and sweepstakes activities. | Vary depending on the type of betting or sweepstakes. | |
| Motor Vehicle Taxes | Various taxes levied on the ownership and use of motor vehicles in Singapore. | Include Additional Registration Fee (ARF), Certificate of Entitlement (COE), and Road Tax. | |
| Special Tax Regimes and Incentives | |||
| Global Investor Programme (GIP) | Offers permanent residency to high-net-worth individuals who make a significant investment in Singapore. | Various investment options and requirements apply. | |
| Start-up Tax Exemption Scheme | Provides tax exemption for new companies on their first S$100,000 of chargeable income for the first three years. | 100% exemption on the first S$100,000 of chargeable income for the first three years. | Certain conditions apply. |
| Partial Tax Exemption Scheme | Provides partial tax exemption for companies on their chargeable income exceeding S$100,000. | ||
FIND YOUR TAX ADVISOR IN 3 EASY STEPS
Getting expert Singapore tax advice is simpler than you think, here’s how to get started:
1. GET IN TOUCH
Send us a quick message or fill out our form to let us know what you need help with.
2. GET MATCHED
We’ll connect you with a Singapore tax advisor who understands your situation and offers the best advice for you.
3. GET EXPERT GUIDANCE
Get clear guidance on reducing your tax liability and staying compliant.
It’s really that simple – get in touch to start now!
PERSONAL AND BUSINESS TAX SERVICES IN SINGAPORE
Tired of the stress that comes with managing your taxes? Our trusted tax advisors in Singapore will help you reduce your tax burden, avoid compliance issues, and keep more of your hard-earned money. Take the first step towards smarter taxes with Tax Natives’ advisory services.
PERSONAL TAX SERVICES
Struggling with Singapore’s tax laws? With the help of our network of chartered tax advisors, you can avoid double taxation, plan ahead for your beneficiaries, and take back control of your finances.
BRITISH EXPATS LIVING AND WORKING IN SINGAPORE
- Tax residency status – Tax residency status for expats can be tricky, and this could lead to overpaying your taxes. Our advisors will help determine your residency status to reduce your tax obligations.
- Personal income tax – Singapore may have low personal income tax rates, but filing for them can still be confusing. Stay compliant with the help of our Singapore tax advisors today.
- Double taxation relief – Don’t pay taxes twice on the same income. With the right guidance from our experts, you can claim double taxation relief and only pay what’s needed.
- Tax planning – Without proper planning, you may miss out on Singapore’s reliefs and pay more than necessary. Let’s work together to optimise your tax position and save you money on your taxes.
BRITISH HNWIS IN SINGAPORE
- Investment and asset taxation – Are you a high-net-worth individual (HNWI) who needs a custom approach to your investments’ taxes? Let our Singapore tax advisors do all the hard work.
- Global Investor Programme (GIP) – If you’re interested in applying for the Singapore GIP, you’ll know there are some tax implications and compliance requirements to be aware of; our advisors will take care of all this for you.
- Estate planning – This can be especially challenging for HNWIs with assets across multiple jurisdictions. Don’t lose your wealth to Singapore’s inheritance tax! Let’s keep as much of it as possible for your family.
- Cross-border tax planning – Poor planning on your international assets can lead to missed opportunities to grow your wealth. Let our Singapore tax advisors keep you compliant and your wealth growing over time.
CORPORATE TAX SERVICES
Confused by Singaporean corporate tax law? Need to optimise your company’s tax structure more efficiently? Our network of tax advisors in Singapore has got the expertise you need to thrive in its business world.
BRITISH ENTREPENEURS / BUSINESS OWNERS
- Corporate income tax – Without good guidance, your business risks overpaying taxes or facing penalties for non-compliance. See how our Singapore tax advisors can reduce your tax burden and keep you on track.
- Goods and Services Tax (GST) – Managing GST in Singapore can be tricky and even lead to missed deadlines and compliance issues. Avoid all this with our expert tax advisors in Singapore.
- Withholding taxes – Your income is subject to withholding tax in Singapore. Get clear guidance from our expert advisors so you can calculate your obligations and file correctly.
- Tax incentives and grants – Many businesses like yours in Singapore miss out on valuable tax relief without custom expert guidance – we’ll help you find and maximise any benefits and improve profitability.
- International tax structuring – Are you managing your taxes across borders? Don’t risk double taxation and missed opportunities by not planning properly – let us help you minimise your liabilities and support your long-term growth.
YOUR GO-TO PARTNER FOR TAX ADVICE IN SINGAPORE
Dealing with taxes in Singapore doesn’t have to be a headache when you connect with our network of certified tax advisors who know Singapore’s tax laws inside out. Whether you’re managing personal finances or trying to understand international tax issues, we’re here to keep things simple.
Let us take the stress out of your Singapore taxes so you can focus on whatever you do best. Get in touch today and start saving on your taxes.
WHY CHOOSE TAX NATIVES?
We make it simple to tackle your Singapore taxes – here’s what sets us apart:
- Expert network – Access our network of English-speaking, chartered tax specialists with extensive experience in Singapore’s tax system.
- Personalised matching – We’ll pair you with the perfect advisor, be it for tax planning, business tax, or cross-border advice.
- Dedicated support – Our advisors focus on reducing your tax burden while keeping you compliant, so you can save money and avoid stress.
Connect with an expert today and take full advantage of Singapore’s tax benefits.
Get your personalised tax expert now
READY TO SIMPLIFY YOUR SINGAPOREAN TAXES?
Take control of your taxes today! Connect with a chartered tax expert in Singapore who can help lower your tax burden, avoid double taxation, and keep you fully compliant. Our advisors specialise in Singaporean tax law and can maximise your savings.
Get in touch now to streamline your Singaporean taxes.
EXPAND YOUR REACH AND TAX EXPERTISE IN SINGAPORE
Looking to connect with more clients in Singapore? Join the Tax Natives network and gain direct access to businesses, expats, and people looking for top-tier advisors in Singapore. If you’re an experienced, English-speaking tax specialist ready to expand your reach, you’re the perfect fit for our network.
- Tax advisors and accountants in Singapore
- Lawyers and solicitors in Singapore
- Financial advisors and wealth managers
- International tax professionals with Singapore-based clients
- Tax consultants and specialists
- Accounting firms and tax practices
- Boutique tax advisory firms
- Professionals seeking Singaporean tax expertise
- Those looking to grow their client base in Singapore
- Individuals interested in cross-border tax strategies
Expand your client base with Tax Natives
FIND TAX ADVISORS NEAR YOU IN SINGAPORE
Need a trusted tax advisor nearby? Our matching service quickly connects you with qualified tax consultants in Singapore, no matter where in the country you are. Don’t let taxes hold you back – find your local tax expert today!
Tax experts in the region
How Tax Natives works.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
Ask a question to get startedSTEP ONE
Select the 'Ask a question button located on the top of each page and follow through the process to compose your question
STEP TWO
Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.
STEP THREE
Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.
Your Singapore tax questions answered
Get answers to the biggest tax questions our clients have so you can get the best guidance possible.
How much does tax advice cost in Singapore?
The price of Singapore tax advice from one of our experts depends on your needs, but rest assured, you’ll get clear, upfront pricing with no surprises.
How do I find a tax advisor who specialises in my specific needs?
It’s easy! With Tax Natives, our smart matching system connects you with a specialist who can help with what you need – from property tax to corporate tax and everything in between.
What qualifications should I look for in a Singaporean tax advisor?
For peace of mind, choose an advisor licensed by the highest professional standards in Singapore, including the ATP, ATA, or CA Singapore credentials. At Tax Natives, we connect you with thoroughly vetted professionals who meet the industry’s top qualifications.
Can a tax advisor help me with inquiries or investigations by Singaporean tax authorities?
Absolutely. Our network of advisors includes specialists who deal with tax inquiries and investigations, so you’ll stay compliant and avoid expensive fines with their representation. Reach out now for your own expert guidance and support.
How can I get the most out of my tax advisor?
Maximise your tax savings and stay compliant with proactive, custom advice from a Tax Natives expert. Our advisors offer regular updates and check-ins, so you’re always one step ahead.
GET PROFESSIONAL SINGAPORE TAX ADVICE TODAY
Contact
Bring your knowledge to the world.
Become a tax nativeContact us
If you’re having any problems with your membership, account, or just generally loving Tax Natives. Drop us a line here and we’ll get back to you.